Food Packaging And Processing Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

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How Large Will the Food Packaging And Processing Market Size By 2025?
There has been robust growth in the food packaging and processing market recently. The market size is anticipated to expand from $80.04 billion in 2024 to $84.8 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 5.9%. The surge in the historic period is attributed to heightened awareness on environmental matters, growing emphasis on health and wellness, elevated consumer awareness and education, increased demand for transparency in sourcing ingredients and a rising demand for portion control.

How Big Is the Food Packaging And Processing Market Size Expected to Grow by 2029?
In the upcoming years, the food packaging and processing market is predicted to experience significant expansion, reaching a value of $108.38 billion in 2029, with a compound annual growth rate (CAGR) of 6.3%. The surge during this forecasted period can be linked to the expansion of e-commerce, globalization and trade, innovations in packaging materials, the rise of plant-based foods, and the burgeoning ready-to-drink (RTD) beverages sector. Key trends during this period are anticipated to be advanced processing procedures, smart system integration, high-pressure processing (HPP), improved food safety technology, and intelligent labelling.

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Which Key Market Drivers Powering Food Packaging And Processing Market Expansion and Growth?
The growth of the food packaging and processing market is anticipated to be accelerated by the burgeoning demand for convenience food. This kind of food is designed specifically to provide quick and easy preparation or consumption, catering to busy lifestyles and the need for speedy food solutions. Factors such as extended shelf life, preserved freshness, and easy preparation techniques offered by food packaging and processing contribute to its rising demand, thereby propelling the market growth. For example, the Bank of Ayudhya Public Company Limited, a commercial banking institution based in Thailand, projected in March 2024, that the domestic market growth for Thai-made ready-to-eat food would be between 3.0% to 4.0% per year from 2024 to 2026. Additionally, the ready-to-eat food sector, in 2022, reported a combined domestic and export sales volume of 482.4 thousand tons, generating a revenue of USD 2.0 billion. As such, the increased demand for convenience food is a key driver for the expansion of the food packaging and processing market.

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Which Fast-Growing Trends Are Poised to Disrupt the Food Packaging And Processing Market?
Key players in the food packaging and processing industry are prioritizing the development of innovative solutions such as water-based and plant-sourced coatings to enhance sustainability and lessen environmental harm. These eco-friendly coatings use natural plant substances, avoiding the use of petroleum-based solvents. In the example of Melodea Ltd, an American company specializing in sustainable barrier coatings, they launched a breakthrough barrier product named MelOx NGen in December 2023. The product incorporates a water-based, plant-sourced coating and is specifically designed to enable the recycling of plastic food packaging while preserving food quality and prolonging its shelf life. Additionally, this ground-breaking solution provides a cost-efficient and eco-friendly substitute to petroleum-based products like Ethyl Vinyl Alcohol copolymers (EVOH) and metalized polyethylene terephthalate (met-PET). MelOx NGen, being compatible with various plastic types, including nanostructure plastics, exhibits impressive performance whilst preserving recyclability.

What Are the Emerging Segments in the Food Packaging And Processing Market?
The food packaging and processingmarket covered in this report is segmented -

1) By Type: Rigid, Semi-Rigid, Flexible
2) By Equipment Type: Filling, Bottling, Case Cartooning, Labeling, Palletizing
3) By Material: Paper And Paper-Based Material, Plastics, Metal, Glass, Other Materials
4) By Application: Bakery And Confectionery Products, Meat And Poultry Products, Dairy Products, Beverages, Other Applications

Subsegments:
1) By Rigid: Plastic Rigid Packaging, Glass Rigid Packaging, Metal Rigid Packaging, Paperboard Rigid Packaging, Containers And Tubs
2) By Semi-Rigid: Blister Packs, Trays, Clamshells, Food Containers, Cup and Lid Systems
3) By Flexible: Flexible Pouches, Wraps And Films, Bags And Sacks, Shrink Sleeves, Stand-Up Pouches

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Who Are the Global Leaders in the Food Packaging And Processing Market?
Major companies operating in the food packaging and processing market are WestRock Company, Ball Corporation, Amcor Public Limited Company, Berry Global Inc., Tetra Pak Ltd., Mondi Group, DS Smith plc, Graphic Packaging Holding Company, Sonoco Products Company, Silgan Holdings Inc., Sealed Air Corporation, Huhtamäki Oyj, Pentair Commercial Ice LLC, Reynolds Consumer Products Inc., Bühler Group, ProAmpac LLC, Marel Inc., John Bean Technologies Corporation, Winpak Ltd., Emmerson Packaging Ltd., PakTech LLC, Pacmoore Product Inc., Chantler Packages Limited, CuBE Packaging Solutions Inc.

Which are the Top Profitable Regional Markets for the Food Packaging And Processing Industry?
Asia-Pacific was the largest region in the food packaging and processing market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the food packaging and processing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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